The customs declaration form is a very crucial document in international trade. It records in detail all relevant information about the exported or imported goods. In filling out the customs declaration form, ensuring the accuracy of certain information is of great importance, as this information directly affects the proper clearance of goods, the calculation of tariffs, and the compliance inspection of goods. A slight error in some information may lead to the collapse of the entire transaction. Dont let these details become the pain points of trade. Now lets explore in detail why certain information is crucial, while other information, although important, may have remedies.
Key information
1. Business Unit – Refers to?Import/export?The legal operator of the goods. This usually refers to the official registered name of the importer or exporter, which is the basis for the customs to manage and levy taxes on the goods and must be accurate.
2. Manufacturing Enterprises – For some products, such as agricultural products, chemicals, etc., it is necessary to ensure the accuracy of the manufacturers information, as this is related to the health and safety regulations of the importing country.
3. Product Name – The specific name of the goods must be clearly identified to facilitate correct classification and the application of corresponding tariff and inspection and quarantine standards.
4. Quantity and Unit – This is directly related to the calculation of tariffs. Any error may lead to over - taxation or under - taxation.
5. Domestic Place of Origin – For some specific products, the country of origin has special regulations or bans. Ensuring correct filling is the key to compliance.
Information that can be remedied
1. Overseas consignee – If filled in incorrectly, it can usually be corrected by providing the correct commercial invoice or the modified bill of lading.
2. CIF or FOB - This affects the cost calculation and liability assumption of the goods. If filled in wrong, it can be remedied by adjusting the contract terms and relevant financial documents.
3. Country of Destination – An error may affect the destination regulations of the goods, but it can generally be resolved through coordination with the freight forwarder or shipping company.
4. Foreign Currency Types – Although it is related to the settlement of trade payments, it can usually be adjusted through the foreign exchange operations of banks or financial institutions.
Details determine success or failure, which is especially evident in international trade. Mastering the key skills of filling out the customs declaration form allows you to ride the waves in the ocean of trade. Although there are remedies for errors in other information, they should still be avoided as much as possible, as this may lead to time delays and additional costs.
